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While we have seen some falls in price this morning, Janet Yellen’s impending appearance will likely prevent much drama.

CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.

Source: Bloomberg

FTSE 100 weakness continues

FTSE weakness this morning continues the downtrend seen since 15 August, even if we may see some hesitation ahead of Janet Yellen’s speech today.

Nonetheless, it will take a move through 6850 to break the descending channel seen below on the two-hour channel. A drop through yesterday’s low at 6780 might see the index head in the direction of 6600/6650.

Dow price continues to hang on

Despite weakness yesterday, the price is still hanging on at the bottom end of the current range, around 18,470. A bounce from here would put the index back on course to test the top end of the range, from 18,600 to 18,670.

Much depends on what Janet Yellen says today, but it will take a move through 18,400 to create real weakness, while some further support is possible around 18,250.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand the risks and take care to manage your exposure.

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CFDs are a leveraged product and can result in losses that exceed deposits. Trading CFDs may not be suitable for everyone, so please ensure you fully understand the risks and take care to manage your exposure.